Quote:
Originally Posted by GRH
Anyone who thinks we can cut our way out of our deficit without raising taxes clearly doesn't have their head screwed on right. I mean, yes, theoretically we could eliminate Social Security, Medicare, and the Department of Defense and not have a debt problem. But I think the middle class would rather pay higher taxes than see that happen. I make $8.50/hr (so I'm not even middle class based on my income), but I'd gladly pay a few percent more of my income if it would guarantee that Social Security and Medicare would be there for me and future generations in retirement. That said, the middle class will NOT stand to have their taxes raised when corporations like General Electric make $5.1 billion in US profits and pay an effective tax rate of 0% in 2010. For the middle class to swallow higher taxes, we're going to have to see the wealthy and the recipients of corporate welfare step up to the bat and pay higher taxes as well.
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This is what the GOP stand for When Reagan and the first Bush were running the country in to the red with there trickle down no Rep said diddly until Clinton was in the whitehouse then it was there top harp and concern and when W almost bankrupted us these same GOP said nothing until Obama took the whitehouse and sure enought they started harping about the sea of red ink created by the GOP lead house and sen and W
And now they claim more tax cuts are needed for the top brackets and all evil entitlements most be cut and done away with so the rich never have to suffer or pay off the red ink created by the GOP
I expect there next trick will be to cry we have to do away with all corp taxes in order to make jobs and the workers be extra taxed to pay the corp taxes a plivage of working tax and then to make tax cuts for the rich they'll have a not rich tax peantly all this will be from the Palin/Bachman ticket
Jerseygirl Jen